Elizabeth Timm Acquires 191 Shares of Avangrid, Inc. (AGR) Stock

Avangrid, Inc. (NYSE:AGR) Director Elizabeth Timm bought 191 shares of Avangrid stock in a transaction that occurred on Wednesday, November 15th. The shares were acquired at an average cost of $52.60 per share, for a total transaction of $10,046.60. Following the acquisition, the director now owns 1,156 shares in the company, valued at approximately $60,805.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Avangrid, Inc. (NYSE:AGR) traded down $0.56 on Friday, reaching $51.44. 554,100 shares of the company’s stock traded hands, compared to its average volume of 553,925. The stock has a market cap of $15,895.23, a PE ratio of 22.76, a P/E/G ratio of 2.80 and a beta of 0.55. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.31. Avangrid, Inc. has a fifty-two week low of $35.42 and a fifty-two week high of $53.10.

Avangrid (NYSE:AGR) last announced its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. analysts predict that Avangrid, Inc. will post 2.22 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its position in shares of Avangrid by 102.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,704 shares of the utilities provider’s stock worth $124,000 after purchasing an additional 1,367 shares during the period. First Personal Financial Services lifted its position in shares of Avangrid by 3.4% in the 2nd quarter. First Personal Financial Services now owns 2,862 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 94 shares during the period. Ffcm LLC purchased a new stake in shares of Avangrid in the 3rd quarter worth about $134,000. Parallel Advisors LLC lifted its position in shares of Avangrid by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,265 shares of the utilities provider’s stock worth $148,000 after purchasing an additional 546 shares during the period. Finally, US Bancorp DE lifted its position in shares of Avangrid by 59.4% in the 2nd quarter. US Bancorp DE now owns 4,565 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 1,702 shares during the period. 14.03% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on AGR. Evercore ISI raised shares of Avangrid from an “in-line” rating to an “outperform” rating and increased their price target for the company from $43.50 to $46.50 in a research report on Monday, July 24th. J P Morgan Chase & Co increased their price target on shares of Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Avangrid from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. Bank of America Corporation began coverage on shares of Avangrid in a research report on Tuesday, October 24th. They set a “buy” rating and a $52.00 price target for the company. Finally, Wells Fargo & Company cut shares of Avangrid from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.50.

Avangrid Company Profile

Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.

Insider Buying and Selling by Quarter for Avangrid (NYSE:AGR)

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